Nigeria Risks Chaos if Petrol Subsidy is Removed – THISDAYLIVE

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•Claims, ‘We are leaving the country much more secure than we met it’

•NMDPRA expresses concern over growing oil theft

Emmanuel Addeh in Abuja

The federal government, yesterday, maintained that removing petrol subsidy would result in unintended consequences, insisting that this is a most inauspicious time to withdraw the price buffer.

Minister of Information and Culture, Mr. Lai Mohammed, told Reuters that many other nations were introducing measures to help citizens cope with high oil energy prices. Mohammed said Nigeria could not be an exception.

Despite the daily killings and attacks across the country, the minister said, “We are leaving the country much more secure than we met it,” noting progress made against Boko Haram since 2015.

Meanwhile, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) expressed worry over the rising incidents of vandalism and theft along the key pipeline conveying refined…



Source: Thisday Newspaper